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Time dotCom's Poor Showing
Could Foreshadow Bad Times

KUALA LUMPUR, Malaysia -- Investors panned a big initial public offering by telecommunications company Time dotCom Bhd., a development that could set back corporate restructuring plans in Malaysia.

The Time dotCom IPO attracted buyers for just 25% of the stock offered for sale by the company's listed parent, Time Engineering Bhd., according to a statement issued to the Kuala Lumpur Stock Exchange. Excluding Time dotCom shares that were privately placed, individual investors applied for just 10% of the 571.7 million shares...